From the Cobb - Douglas decided to look at business performance management functions of several key factors.docVIP

 PAGE \* MERGEFORMAT 5 From the Cobb - Douglas decided to look at business performance management functions of several key factors Introduction A recent study of ‘Complete Works of Harvard Management’ (below) ninth unit ‘managerial economics’ Chapter VI ‘cost-benefit analysis’, and Chapter VII of the ‘Market Structure and Corporate Behavior’ time, found a Cobb - Douglas management functions, sense of great help to the management, so to share them with a view to the relevant staff can help, inspiration and reference to learn from. First, Cobb - Douglas management function and explain the formula Cobb - Douglas management function of the formula is as follows: Q = a * Kb * Lc = a Kb Lc One representative of the performance or the Q output, a is a constant, on behalf of the market structure equivalent, a number of marketing and business strategy by the decision-making and after the implementation of a comprehensive decision; K on behalf of capital, b on behalf of stability and good functioning of capital, is also a constant, ; L on behalf of labor, c representative of the labor force of the emotions and positive attitude factor. Equivalent of the market structure in which a business can be a continuous years of historical data summary; K and L are fixed numbers, can be used regression method and statistical comparison analogy a proportional coefficient; b available liquid balance sheet ratio and short-term receivables and short-term projects to cope with the more derived, c is a soft target, only through the de facto historical data to determine the course of the past, the labor force average mood and a positive mental attitude. [/ h] 2, from the case of the Cobb - Douglas management function of the application example [/ h] For example, a machine factory in the four years 2002-2006, the annual production of 400,420,295,410, respectively, the unit for Taiwan, the product for mold class, or even four years after the equivalent of three years, the market st